Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin Cash
BCH
|
0.8685513 |
details, prediction |
Cardano
ADA
|
0.8174736 |
details, prediction |
Crypto.com Chain
CRO
|
0.8040643 |
details, prediction |
Litecoin
LTC
|
0.8035071 |
details, prediction |
Ethereum
ETH
|
0.7927823 |
details, prediction |
|
Second tier
|
Decred
DCR
|
0.8641481 |
details, prediction |
Theta Fuel
TFUEL
|
0.8611409 |
details, prediction |
aelf
ELF
|
0.85990775 |
details, prediction |
Tezos
XTZ
|
0.85346794 |
details, prediction |
Ravencoin
RVN
|
0.8487894 |
details, prediction |
|
Third tier
|
NEM
XEM
|
0.87330616 |
details, prediction |
Steem
STEEM
|
0.86906254 |
details, prediction |
QuarkChain
QKC
|
0.86174333 |
details, prediction |
ARK
ARK
|
0.86099637 |
details, prediction |
Lisk
LSK
|
0.8576876 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Ardor price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of Ardor
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Stellar
XLM
|
-0.640727 |
details, prediction |
ZCash
ZEC
|
-0.26751456 |
details, prediction |
TRON
TRX
|
-0.11021925 |
details, prediction |
Binance Coin
BNB
|
0.3624098 |
details, prediction |
Monero
XMR
|
0.3933176 |
details, prediction |
|
Second tier
|
USD//Coin
USDC
|
-0.5415797 |
details, prediction |
Dai
DAI
|
-0.5255153 |
details, prediction |
Telcoin
TEL
|
-0.41202572 |
details, prediction |
True USD
TUSD
|
-0.2551044 |
details, prediction |
OriginTrail
TRAC
|
-0.23141952 |
details, prediction |
|
Third tier
|
Chronobank
TIME
|
-0.33257776 |
details, prediction |
V Systems
VSYS
|
-0.115334965 |
details, prediction |
Komodo
KMD
|
-0.06521776 |
details, prediction |
Matrix AI Network
MAN
|
0.046801034 |
details, prediction |
Propy
PRO
|
0.14734341 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)